Now showing items 1-2 of 2

    • Another Look At What To Do With Time-Series Cross-Section Data 

      Reed, W.R.; Chen, X.; Lin, S. (Research Papers in EconomicsUniversity of Canterbury. Department of Economics and Finance, 2005)
      Our study revisits Beck and Katz’ (1995) comparison of the Parks and PCSE estimators using time-series, cross-sectional data (TSCS). Our innovation is that we construct simulated statistical environments that are designed ...
    • A Monte Carlo Evaluation of the Efficiency of the PCSE Estimator 

      Reed, W.R.; Chen, X.; Lin, S. (University of Canterbury. Department of Economics and Finance, 2006)
      Panel data characterized by groupwise heteroscedasticity, cross-sectional correlation, and AR(1) serial correlation pose problems for econometric analyses. It is well known that the asymptotically efficient, FGLS estimator ...